[9] Related party transactions

Linde AG is related in the course of its normal business activities to non-consolidated subsidiaries, joint ventures and associates. These companies are disclosed in the list of shareholdings in Note [41] of the 2014 Financial Report.

Services provided by related companies totalled EUR 70 m (2014: EUR 90 m). Revenue from related companies was immaterial during the reporting period.

Receivables from and liabilities to related companies as a result of related party transactions are disclosed in the table below. Receivables from and liabilities to joint ventures and associates are mainly financial receivables and financial liabilities.

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Receivables from and liabilities to related parties

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

30.09.2015

 

31.12.2014

in € million

 

Non-
consolidated subsidiaries

 

Associates and joint ventures

 

Total

 

Non-
consolidated subsidiaries

 

Associates and joint ventures

 

Total

Receivables from related parties

 

3

 

30

 

33

 

3

 

14

 

17

Liabilities to related parties

 

 

48

 

48

 

1

 

36

 

37

Related parties of The Linde Group which are not companies comprise mainly the members of the Group’s Executive Board and Supervisory Board. During the reporting period, there were no significant transactions between The Linde Group and members of the Executive Board and Supervisory Board or their family members which are outside the bounds of existing employment, service or appointment agreements or remuneration contracts.

Some members of Linde’s Executive and Supervisory Boards hold similar positions in other companies. Linde has normal business relationships with virtually all these companies. The sale and purchase of goods and services to and from these companies take place under the usual market conditions.